
Equity Why are we still dating LinkedIn in 2021?
Feb 26, 2021
The hosts dive into the fascinating world of venture capital and tech trends. They discuss Coinbase's public filing and how its revenue relies on fluctuating transaction fees. The conversation shifts to Reddit, emphasizing the importance of community engagement in its success. They also explore innovative new platforms aimed at freelancers and designers. The growth of restaurant tech powers discussions about Toast and its impending IPO, while the podcast highlights the shifting startup landscape in a post-pandemic world.
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Coinbase's Volatility
- Coinbase's revenue is heavily reliant on transaction fees, making it vulnerable to cryptocurrency market fluctuations.
- Its Q4 2020 revenue exceeded the entire 2019 revenue, highlighting the recent surge in crypto trading.
Hopin's Meteoric Rise
- Hopin is raising another round at a $5-6 billion valuation, up from $2.125 billion just three months prior.
- The company's rapid growth from zero to a potential $60 million ARR demonstrates the exploding demand for virtual event platforms.
Reddit's Unexpected Success
- Despite raising substantial capital ($800 million total), Reddit's revenue model remains somewhat opaque.
- The significant investment suggests that Reddit is performing better than anticipated, possibly due to live streaming, gifts, and ads.
